Comment Comment by awaythrow483 Roughly the things to look up are private equity and their "bust out" strategyhttps://www.youtube.com/watch?v=z5PLEZiSZVhttps://www.youtube.com/watch?v=r3_41Whvr1Ihttps://www.youtube.com/watch?v=o10nh86q64Qhttps://www.youtube.com/watch?v=n7VmIy0VXOYBuy a company with debt (leveraged buy out). Hand that cash back to the "private equity investors". Let the company go bankrupt and the debt magically dissapears.Basically legalized theft at enormous scale parent awaythrow483 3 years ago
https://www.youtube.com/watch?v=z5PLEZiSZV
https://www.youtube.com/watch?v=r3_41Whvr1I
https://www.youtube.com/watch?v=o10nh86q64Q
https://www.youtube.com/watch?v=n7VmIy0VXOY
Buy a company with debt (leveraged buy out). Hand that cash back to the "private equity investors". Let the company go bankrupt and the debt magically dissapears.
Basically legalized theft at enormous scale